Robert W. Baird Forecasts Strong Price Appreciation for CoreWeave (NASDAQ:CRWV) Stock

CoreWeave (NASDAQ:CRWV) had its price objective hoisted by Robert W. Baird from $100.00 to $130.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s target price suggests a potential upside of 43.93% from the stock’s previous close.

CRWV has been the topic of several other research reports. DA Davidson reissued a “neutral” rating and issued a $100.00 price target (down from $175.00) on shares of CoreWeave in a research report on Monday, May 18th. TD Cowen raised shares of CoreWeave to a “buy” rating in a report on Wednesday, July 22nd. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price objective on shares of CoreWeave in a research note on Wednesday, August 5th. Barclays lowered their target price on shares of CoreWeave from $120.00 to $90.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 21st. Finally, Citigroup dropped their target price on CoreWeave from $158.00 to $142.00 and set a “buy” rating on the stock in a research report on Wednesday, August 5th. Twenty-four research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, CoreWeave currently has a consensus rating of “Moderate Buy” and an average price target of $138.00.

CoreWeave Trading Up 2.4%

Shares of CRWV opened at $90.32 on Wednesday. The business has a 50-day moving average of $90.50 and a 200 day moving average of $94.73. CoreWeave has a fifty-two week low of $60.55 and a fifty-two week high of $153.20. The firm has a market cap of $40.42 billion, a P/E ratio of -29.04 and a beta of 7.44. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31.

CoreWeave (NASDAQ:CRWV) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($1.14) EPS for the quarter, beating the consensus estimate of ($1.52) by $0.38. The business had revenue of $2.58 billion for the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. CoreWeave’s revenue for the quarter was up 112.5% compared to the same quarter last year. During the same period last year, the company earned ($0.27) earnings per share. As a group, research analysts forecast that CoreWeave will post -5.77 EPS for the current year.

Insider Transactions at CoreWeave

In related news, CEO Michael N. Intrator sold 278,560 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $97.43, for a total transaction of $27,140,100.80. Following the completion of the transaction, the chief executive officer directly owned 3,138,612 shares in the company, valued at $305,794,967.16. The trade was a 8.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Jack D. Cogen sold 986,540 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $107.80, for a total value of $106,349,012.00. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 8,972,789 shares of company stock valued at $889,538,607. 24.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CRWV. Cornerstone Planning Group LLC increased its position in shares of CoreWeave by 272.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock worth $25,000 after purchasing an additional 251 shares during the last quarter. Cullen Frost Bankers Inc. lifted its position in CoreWeave by 45.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock valued at $28,000 after purchasing an additional 121 shares during the last quarter. Greenline Wealth Management LLC purchased a new position in CoreWeave in the 4th quarter worth approximately $28,000. Essential Partners LLC bought a new position in shares of CoreWeave in the 2nd quarter worth $30,000. Finally, Peterson Wealth Services increased its holdings in shares of CoreWeave by 153.1% in the 1st quarter. Peterson Wealth Services now owns 405 shares of the company’s stock worth $31,000 after buying an additional 245 shares during the last quarter.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Revenue more than doubled: Second-quarter revenue rose 112.5% year over year to $2.58 billion, narrowly exceeding analyst expectations. The reported loss of $1.14 per share was also better than the consensus loss estimate, easing concerns about the company’s ability to convert AI demand into revenue. CoreWeave stock pops as revenue doubles
• Positive Sentiment: AI demand and backlog remain exceptionally strong: Management pointed to accelerating demand for GPU capacity, including business with Anthropic and Meta. CoreWeave’s contracted backlog reached approximately $104 billion, supporting expectations for substantial future growth as new data-center capacity comes online. CoreWeave Reports New Revenue High
• Positive Sentiment: Near-term guidance topped estimates: CoreWeave forecast third-quarter revenue of $3.5 billion to $3.6 billion, above the roughly $3.4 billion analyst consensus. Full-year 2026 revenue guidance was raised to $12.4 billion-$13.2 billion, while stronger pricing for AI compute further improved the growth outlook.
• Positive Sentiment: Older GPUs may retain value: An extended contract for Nvidia A100 GPUs suggested that aging hardware can continue generating revenue for many years, potentially improving the economics of CoreWeave’s GPU fleet. CoreWeave Stock Surges After Earnings
• Neutral Sentiment: Analyst opinions remain mixed: JPMorgan raised its price target to $110 but kept a Neutral rating, while Jefferies maintained a Buy rating and a $150 target. The wide range of targets reflects both strong demand and uncertainty around execution and profitability.
• Negative Sentiment: Losses and leverage remain important risks: CoreWeave continues to report negative net margins and is spending heavily on data centers. Its high debt burden increases financing and execution risk if capacity expansion is delayed or AI spending weakens.
• Negative Sentiment: Insider sale adds a modest overhang: COO Sachin Jain sold $1.25 million of shares to cover tax withholding related to vested equity awards. Because the sale was tax-related and he retained a substantial position, the signal is less concerning than a discretionary exit. CoreWeave COO Insider Sale

CoreWeave Company Profile

CoreWeave is a U.S.-based provider of GPU-accelerated cloud infrastructure designed to support compute-intensive workloads such as artificial intelligence, machine learning, visual effects rendering and other high-performance computing applications. The company supplies access to large fleets of modern GPUs and complementary infrastructure that enable customers to train and deploy large models, run inference at scale, and process graphics-heavy workloads with low latency and high throughput.

CoreWeave’s product offering includes on-demand and dedicated GPU instances, bare-metal servers, private clusters and managed services tailored for enterprise and developer use.